News From CCF-LA | March 17, 2022
Congratulations Maggie Byrne!
We are very happy and pleased to announce that Maggie Byrne has accepted the recently open position of Head of Development. Maggie has been with the Foundation since October 2021 in the role of Development Director, and previously worked in development, law and finance. Maggie is a licensed attorney with a JD from Santa Clara University Law School, and a Bachelor of Science in Finance from Arizona State University where she graduated Summa Cum Laude. Maggie is part of the storied Byrne family of Los Angeles, and practiced law between 1995 and 2012, before switching careers and entering the development world, first with the Down Syndrome Association of Los Angeles, later working with American Martyrs Catholic School, Cathedral Catholic High School in San Diego, and lastly with St. Frances X. Cabrini where she served as the Director of Development. Prior to entering the legal profession, Maggie was a Financial Supervisor and Operations Manager for Baxter Healthcare with a responsibility for oversight of over 25 employees. She is a dedicated Catholic, and actively works with her parish (American Martyrs) to help support her community. We are excited that Maggie is joining our leadership team in this important positionshe is both a team player and a team builder. 
From The Family Office:

In my role at CCF-LA, I work with families to ensure that their granting needs are met promptly and fulfill the family’s philanthropic goals.
For this newsletter, I want to emphasize that grants made by our Family Office clients support the social and economic issues of our local communities and beyond.
This past month, we made grants to Homeboy Industries, Catholic Relief Services, Dress for Success, and many others that reflect the missions of charities that are closely aligned with our Catholic vision to respect life, eliminate poverty and break down barriers that divide people in the large, complex and multicultural society in which we live.
Our Family Office grants also go to support education, especially at Catholic schools that serve the poorest communities – education is an important gift that leads the way to a successful life.

Kara Duncan
Senior Manager
Family Office
From The Development Department:

CCF-LA has many clients that serve the social and economic needs of people. Notably, Catholic Charities, St. Francis Center (featured in this newsletter), Mission Doctors Association, Society of St. Vincent de Paul, Arbor Family Wellness Village, and many more. I would like to focus on our newest fund: The Agape Fund supporting the Down syndrome community by funding research, education and community programs that make our world a more inclusive place for all.

The Agape Fund was formed from the belief that we oftentimes learn the greatest lessons of life from the most unlikely of places. The fund advisors, Johnny Byrne, my son, and Ryan Parks along with their friends participate in athletic events to raise funds and awareness for many causes that support Down syndrome children and their families. Johnny’s work is done to honor his brother, Thomas Byrne, to enact changes that are needed in this world, especially inclusive education and work programs and research, all of which are vastly underfunded.

Maggie Byrne
Head of Development
From the Desk of the CFO

The financial markets continue to remain volatile during these very uncertain times. The Russian invasion of Ukraine and concerns surrounding the impact on the global economy and capital markets triggered the global equity market selloff to continue in February. The S&P 500 Index fell 2.99% in February pushing year to date losses to 8.01% and the MSCI EAFE index fell 6.52% so far this year. The Bloomberg US Aggregate Bond Index declined 3.25% in the first two months of 2022.

As for as our specific returns, the Balanced Pool portfolio returned -1.84% in February and -5.98% for the first two months of calendar year 2022. The Intermediate Fund pool returned -1.25% for the month and -3.22% for the year. The current yields on the STIF and Cash accounts remain at 0.02% - 0.05%.

Please don't hesitate to contact me if you have any questions.

Andrew O'Boyle
Chief Financial Officer
and Treasurer
From the Desk Of Our General Counsel
Cybersecurity Risks In Times Of War

The Russian invasion of the Ukraine raises awareness that warfare is not limited to troops on the ground, missiles in the air, or warships on the seas. Countries now engage in cyber warfare to avoid having to use traditional war tactics. The US Cybersecurity and Infrastructure Security Agency (“CISA”) issued a warning of the risk of Russian cyberattacks to US financial networks, in retaliation for the sanctions imposed by the United States against Russia.
CCF-LA takes these cyber risks seriously. As managers of over $600 million in agency and donor funds, we have a fiduciary duty to our clients to protect these funds from cyber-attacks. Our data protection efforts are in place to ensure that our clients and grant beneficiaries will be available to securely access these funds for their programs and operations. 
A data security firm as been retained by CCF-LA to put the most up to date data security protocols in place with stringent data protection practices. CCF-LA works with each outside vendor to ensure that they also have robust data security protocols. 
Today, CCF-LA has created a security mindset with its employees. We have enabled multifactor authentication, patched old vulnerabilities, ensured strong passwords, and constantly test staff for phishing attacks. Each of these gives us confidence that we are protecting our clients with the best tools at our disposal.

T. Mathew Hansen
General Counsel and
Senior Director of Operations
CCF-LA News and Events

The Catholic Community Foundation of Los Angeles showed its support for the Cardinal’s Awards Dinner (CAD) beneficiaries and honorees on Saturday, February 26, 2022.

After a 2-year hiatus, we were back at the Beverly Hilton, where Archbishop José H. Gomez thanked this year’s honorees for their invaluable and selfless service in the performance of acts of charity for the good of the whole community. The following extraordinary Catholics were honored for their exemplary deeds: Kenneth Lund, Kathleen Duncan-Luten, Stephanie & Peter Nolan, and Thomas Romano.

The beneficiaries of the fundraising dinner were the Catholic Charities Food Bank of Santa Barbara County and the St. Francis Centers of Long Beach and Los Angeles, both of whom we gratefully support as clients of our Agency Fund business. It was very clear that Catholics have answered the call for help during these challenging times and have stepped up to serve hope for the homeless and marginalized sectors of society. CCF-LA is honored to be part of this crusade to serve those who have less in life in line with our mission to make a difference.
St. Patrick's Day
Celebration with the "Unfriendly Sons"

Don Bosco Technical Institute, an all-boys Catholic high school in Rosemead, hosted the 11th annual “Unfriendly Sons of St. Patrick Celebration” on Sunday, March 6, 2022. Bosco Trustee and CCF-LA board member Bishop David O’Connell was a co-chair of the event which raised a record $190,000 for tuition assistance and other programs.

The friendly evening including musical performances, a live auction, and a heartwarming interview with a Bosco Tech senior reflecting on his time as a student. Matt Moreno attended on behalf of CCF-LA, a sponsor for the event, and hosted Bosco counseling and development staff at the foundation’s table. Bosco Tech has been an agency client since 2019.
The Catholic Community Foundation of Los Angeles empowers charitable individuals and organizations across cultures and generations through professional philanthropy management solutions that allow clients to develop and sustain their philanthropy in support of Catholic values.
Catholic Community Foundation of LA | (213) 426-1180